Charles Schwab Investment Management Inc. Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Charles Schwab Investment Management Inc. lifted its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 325.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 686,061 shares of the business services provider's stock after purchasing an additional 524,937 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.05% of NV5 Global worth $12,925,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVEE. Blue Trust Inc. lifted its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after acquiring an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after acquiring an additional 2,680 shares in the last quarter. KBC Group NV boosted its position in NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after buying an additional 3,550 shares in the last quarter. Cetera Trust Company N.A increased its holdings in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after purchasing an additional 3,570 shares in the last quarter. Finally, Liberty One Investment Management LLC increased its stake in shares of NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider's stock valued at $128,000 after buying an additional 5,157 shares during the period. Institutional investors own 75.54% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Maxim Group cut their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st.

NV5 Global Trading Up 0.3 %

Shares of NVEE stock traded up $0.05 during trading hours on Tuesday, reaching $19.42. The company's stock had a trading volume of 835,818 shares, compared to its average volume of 379,031. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm's fifty day simple moving average is $18.15 and its 200 day simple moving average is $20.48. The stock has a market capitalization of $1.27 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million during the quarter, compared to analysts' expectations of $243.46 million. Equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has approved a stock repurchase program on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.